Tax liability on short term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 March 2016
MY INCOME FROM BUSINESS : 65000/- U/S 44AD
SHORT TERM CAPITAL GAIN FROM SECURITES 125000/-
LONG TERM CAPITAL GAIN FROM SECURITY 350000/- Exempted
TAXABLE INCOME 190000 LESS THEN THRESHOLD LIMITED HENCE TAX LIABILITY NIL ?
PL ADVISE
SHORT TERM CAPITAL GAIN FROM SECURITES 125000/-
LONG TERM CAPITAL GAIN FROM SECURITY 350000/- Exempted
TAXABLE INCOME 190000 LESS THEN THRESHOLD LIMITED HENCE TAX LIABILITY NIL ?
PL ADVISE
Ankur Singhal
(Expert)
19 March 2016
Dear
Tax liability is nil.
As total income is less than the minimum income liable to tax.
Tax liability is nil.
As total income is less than the minimum income liable to tax.
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